Mining Intelligence and News
Bolivia

Bolivar Mine

Click for more information

Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Lead
  • Zinc
  • Silver
Mining Method
  • Sub-level open stoping (SLOS)
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotThe Bolivar Mine has been active for more than 200 years. The current mine complex consists of an underground mine, the milling facility, tailings storage facility, maintenance workshop, shaft-winder, water treatment plants, supplies warehouse, main office, hospital, and camp.

The Bolivar mine operates in two main areas: the Central Zone, an extension of the original ore deposit that runs deeper, and the Rosario Zone, a parallel area with its own separate entrance.

The Bolivar mill is receiving feed from two main sources: the Bolivar Mine, which supplies approximately 70%, and toll feed sourced through the San Lucas feed sourcing business, contributing the remaining 30%. The mill processes each feed type separately, enabling precise analysis and reporting for each.
Latest NewsSantacruz Silver Reports Year End 2024 Financial Results     May 28, 2025

Owners

SourceSource
CompanyInterestOwnership
Santacruz Silver Mining Ltd. (operator) 45 % Indirect
Corporación Minera de Bolivia (COMIBOL) 55 % Indirect
Santacruz Silver's 45% interest in the joint arrangement (operation), the general partnership that holds the Bolivar and Porco mines (“Illapa Joint Operation”), located in Bolivia has been accounted for as a joint operation. The remaining 55% interest is held by Corporación Minera de Bolivia (“COMIBOL”).

Santacruz Silver Mining Ltd. is the operator of the Illapa Business.

Contractors

Lock

- subscription is required.

Deposit type

  • Vein / narrow vein
  • Epithermal

Summary:

The Bolivar deposit is located in the Cañadón Antequera or Avicaya-Bolivar district about 85 km southeast of Oruro.

The Bolivar zinc-silver-tin deposit is located in a polymetallic zone, approximately 7 km northeast of the Chualla Grande porphyritic stock. A series of predominantly east-west and northeast trending veins up to 2,000 m long are hosted by Silurian shales, sandstones and quartzites. The veins vary in width between 0.40 m and 4.50 m. The Bolívar vein, which is one of the main veins, has an average width of 1.25m, with a dip of 50º to 75º with a strike of 30º to 50º and is Zn-AgPb rich. The Pomabamba vein, which towards the SW shows a degeneration of zinc and lead and a considerable increase in silver due to the presence of silver sulphides, has approximate widths of 3.0 m to 5.00 m with a dip of 35º to 60º and a general heading from 60º to 70º. The Nané vein, which has an average width of between 0.50 m to 2.50 m, with a dip of 40º to 60º and strike of 50º, has significant Zn-Ag-Pb mineralization, although silver is reduced towards the NE. The veins have a length of up to 1,800 m for the combined Pomabamba, Nané and Bolívar composite vein. In addition, they are mined up to Level 400 (3,600 masl) and over a vertical distance of >600 m and are delineated by drilling to Level 620 (3,400 masl) for more than 1,000 m of vertical extent.

Deposit Type
The most important ore deposits of the Eastern Cordillera are polymetallic hydrothermal deposits mined principally for Sn, W, Ag and Zn, with sub-product Pb, Cu, Bi, Au and Sb. They are related to stocks, domes and volcanic rocks of Middle and Late Miocene age (22 to 4 Ma). Mineralization occurs in veins, fracture swarms, disseminations and breccias. The deposits of the Eastern Cordillera are epithermal vein and disseminated systems of Au, Ag, Pb, Sb, as that have been telescoped on to higher temperature mesothermal Sn-W veins and, in some cases, porphyry Sn deposits. The telescoping is a characteristic of these deposits and is the result of collapse of the hydrothermal systems, with lower temperature fluids overprinting higher temperature mineralization. The systems show a fluid evolution from a high temperature, low sulfidation state to intermediate sulfidation epithermal and high sulfidation epithermal.

A typical example is the Cerro Rico where high temperature veins at depth, with a low sulfidation assemblage of cassiterite, wolframite, pyrite, arsenopyrite, bismuthinite and minor pyrrhotite (the main tin-tungsten ore stage), are overprinted at higher levels by an intermediate sulfidation epithermal assemblage of Ag-Pb-Sb sulfosalts (the main silver ore stage), with disseminated high sulfidation epithermal silver mineralization in the upper part of the system (a major silver resource).

Mineralization
The Bolivar system is a network epigenetic hydrothermal base metal type veins and faults filled mineralization hosted within a variety of lithologies from volcanic tuffs to sedimentary packages. The main mineral assemblages are composed of sphalerite, marmatite, galena, silver rich galena and silver sulfosalts. The resources are usually based on multiple structures containing several veins. The typical dimensions of these structures ~500 m in length and ~450 m depth profile with mineralization continuing to be open at depth with vein widths of between 0.2 m - 4.0 m.

The occurrence of a mineral deposit is related to two primordial aspects:
1) a hot intrusive body generating mineralizing fluids; and
2) a pre-mineral geological structure receiving mineralization.

The non-presence of an intrusive body very close to the deposit, makes one conclude that its formation is due to the influence of the Chualla Grande Stock, with minerals of higher temperature in its vicinity such as:
1) coarse cassiterite accompanied by quartz and tourmaline (Totoral and Avicaya);
2) an intermediate or transitional zone with minerals of Fe-Sn (Buenos Aires, San Francisco, Venus) and;
3) an external zone where Bolívar is located with minerals of Zn-Pb-AgSn.

The Pomabamba mineralization corridor has a simplified mineral paragenesis of sphalerite – pyrite – sulfosalt type of Ag-Pb-Sn that differs from the Rosario mineralization corridor whose paragenesis is sphalerite – galena – pyrite – siderite. This allows one to conclude that there is a lateral zone in the mineralization that corresponds to the central part of the deposit termed the Pomabamba corridor.

The Pomabamba vein has its own characteristics longitudinally, with a predominance of marmatite-pyrite mineralization in its northern sector and abundant pyrite in the south. Vertically and at depth the pyrite becomes more dominant and the marmatite subordinate. A remarkable aspect is that pyrite is associated or is intergrown with Ag minerals mainly to the south. Another aspect to note is that, at higher levels, there is a band of brown sphalerite that can be distinguished within the marmatite-pyrite association, whose longitudinal inlay had no preferential location.

The mineralogical characteristics of the Nané vein differs from that of Pomabamba, with predominant brown sphalerite, and galena sulfosalts in smaller proportions and generally as much sphalerite and pyrite with subordinate marmatite at depth.

The Bolivar vein, which is an extension in the north direction of the Nané, presents as sphalerite (brown), sulfosalts of Pb-Sb-Ag-Sn, marmatite and pyrite, which is enriched in Ag content as a result, characteristic of its south and center sector. However, in the north, the pyrite becomes predominant and the sphalerite-sulfosalts subordinate.

The polymetallic mineralization in the Bolivar deposit according to the mineragraphic studies concludes that it would have formed in different phases or mineralization events with a clear telescopic deposition:
• An early phase would comprise the mineral association of quartz – pyrite – sphalerite (of the marmatite type);
• Sphalerite (brown) – jamesonite – boulangerite – cassicrite (of the needle tin type) – stannine – galena – franckeite would correspond to the intermediate phase of mineralization; and
• Finally, the second generation carbonates (siderite) and quartz correspond to the late phase mineralization.

The composition and events of the mineralization illustrate that the deposit was formed from hydrothermal solutions under intermediate temperature conditions of 250º - 300ºC, and that it classifies as a meso- to epithermal hydrothermal deposit.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Heavy Mobile Equipment

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Commodity Production

CommodityProductUnits20252024202320222021
Lead Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Zinc Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Equivalent Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Lead Concentrate kt  ....  Subscribe
Zinc Concentrate kt  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics20252024202320222021202020192018
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe219,217 t253,027 t
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Production Costs

Commodity production costs have not been reported.

Operating Costs

Currency2022
UG mining costs ($/t mined) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe

Mine Financials

Units202420232022
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 6, 2025
....................... Subscription required ....................... Subscription required Subscription required Jan 1, 2024
....................... Subscription required ....................... Subscription required Subscription required Jun 6, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 6, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2019

Aerial view:

Lock

- subscription is required.